What should an association pay attention to until the first general assembly is held?

Since the board of directors serves only temporarily until the first general assembly is held;

• Main, that is, permanent body elections,
• Charter amendments,
• Decisions within the authority of the general assembly, such as membership fees, dissolution, and acquiring real estate,
• Changes to membership conditions or the rights and obligations of members,
• Major obligations outside the association’s purpose cannot be undertaken.

In addition to these and more importantly, the interim board of directors has limited authority in certain financial matters. Issues such as obtaining loans and bank transactions are clearly regulated by law. Associations cannot obtain credit after submitting the establishment notification and before the first general assembly is held. The general assembly must grant authority for loans, incurring debt, or long-term financial liabilities. It is possible to open a bank account in the name of the association. This is valid from the moment the association gains legal entity status. However, expenditures made from this account should be limited to mandatory and purpose-related expenses only (e.g., rent, office supplies, mandatory notification expenses). Long-term investments or transactions that incur debt (credit cards, checkbooks, overdraft accounts) cannot be used. All income and expenses incurred until the general assembly is held are recorded and presented at the inaugural general assembly. Receipts, vouchers, and similar documents from bank transactions must be kept.